After its recent appearance on the US-based cryptocurrency exchange Bittrex, top-50 fintech company BANKEX has announced its listing on UPbit, the biggest Korean crypto exchange led by the founders of the renowned KakaoTalk messenger. Currently, it holds the 8th place by trading volume on Coinmarketcap.
After the successful launch of several new products and services, including the beta version of BANKEX Plasma, BANKEX founders have decided that it’s time to make the BKX utility token more available to potential token holders. The success of Plasma, the first realization of a Plasma blockchain originally envisioned by Vitalik Buterin for the main Ethereum network, was among the reasons to feel prepared to seek a listing on UPbit and Bittrex exchanges. Plasma has demonstrated a capacity of 22k transactions per second without sharding at a cost of less than 50 cents per transaction, making it a realistic alternative to the existing VISA system of electronic transaction management.
BANKEX is the developer of the Proof-of-Asset Protocol, a technology used to create Smart Assets of different classes. BKX is an Ethereum-based ERC-20 utility token used for payments within the PoA ecosystem. The BKX token is used, for example, as the reward in the BANKEX Bounty Service, as a Decision Fee and utility token to buy voting tokens in BANKEX Smart Justice, as fuel for AppToken, MediaToken and as a fee in the BANKEX Trust Service, BKX Scan and among other applications within the BANKEX platform. The listing of BKX on UPbit simplifies access to these products.
Other enterprises are already integrating BANKEX technology to move business to blockchain. MovieCoin, for example, is a blockchain based financing platform for the production of film and television programs that incorporates the BANKEX Proof-of-Asset Protocol as well as smart contracts and Smart Asset assembly. The platform will provide financiers and other institutions with an immutable, transparent ledger of all of the expenditures, receipts, entitlements and ownership of the entertainment projects MovieCoin produces.
Although MovieCoin as a financing platform to tokenize films and television programs will only be available outside the US, the company will also be issuing a utility token called Moviecoin that will be available for American citizens that will enable consumers to purchase movie tickets, buy or rent films or television programs on DVD, Blu-ray or subscription to video on demand (VOD) services.
In July, BANKEX announced its listing on US-based Bittrex, the 7th largest cryptocurrency exchange by trading volume worldwide. In April, BKX was listed on CoinBene, a leading cryptocurrency exchange in China. BKX can also be bought at exchanges such as IDEX, OKEX and EtherDelta.
BANKEX is a global top-50 fintech company developing the Proof-of-Asset Protocol to bring Bank-as-a-Service (BaaS) product modules and blockchain together for the digitization, tokenization & exchange of assets for the development of a global tokenized ecosystem. Leading BANKEX technologies include the Proof-of-Asset Protocol for tokenization, the Plasma Protocol, BANKEX Scan, BANKEX Smart Justice, BANKEX Trust Service, and the Solidity Floating Point Library, among others.
For more information, please visit https://bankex.com/en/.